A British study of 34,000 managers reveals that while male executives are paid $16,000 (£10,000) more than female executives overall, the picture looks much different for the younger demographic -- where women are earning around $1,000 (or £600 pounds), or 2.1%, more than young men.

And salaries for young female managers are also increasing at a faster rate -- 2.8% versus 2.3% for men, reports the Daily Mail.

Still, it will be a while before the pay gap is completely closed -- at this rate, 98 years, according to the Chartered Management Institute, which conducted the study.

"Gender discrimination in the workplace may be phasing out slowly, but it has been entrenched for such a long time that it will take quite some time until we see equality at all levels," CMI research chief Petra Wilton tells the Daily Mail. "We may have to wait for junior executives to move through the ranks for pay parity to be achieved."